Question

25. An exculpatory clause is a contract clause which a places total responsibility for injury or damages to property on an insurance company excuses a party from liability for his or her own negligence is unconscionable because the UCC so provides Imits the time for collecting damages. 26. Won agreement is in part legal and in partiogal: a. the total agreement is vold b. the legal performance will be enforced provided that the illegal performance does not involve serious moral turpitude. both of the above none of the above d. 27 a court finds that a covenant not to compete is unmasonable as to area or time, the court will sometimes send the parties to Jail for contempt will sometimes reform (modify the agreement to make it read in a reasonable marver. will enforce it as it is because the policy of the law is to enforce agreements made between businesses must vold the agreement Ted, a professional auctioneer, wishes to possess the right to relect all bids during an auction, Ted should have the auction be With reserve 'with right of rejection." "Without reserve." without right of rejection 28. 20 Under the common low minorimigenule, any deviation from the offer which is purported to be an aceptance would be considered a counteroffer and a rejection be considered a manifestation of assent be considered an acceptance, but the offer's torms would be adopted over those proposed by the offeree allow the offror a reasonable time to determine whether the deviation was from a malor term in which case no acceptance would occur) or a minor term (in which case a contract is formed) Which of the following statements is true? An infant has no capacity to contract. b. An infant has limited capacity to contract An infant has full capacity to contract An infant may only create a contract if the infant has an adult sign as the co-obligor d 31. Which of the following elements is NOT basic to the formation of a contract? a. Mutual assent (agreement) Consideration G. Written proof d. Capacity 32. Which of the following contracts would be govered by the Uniform Commercial Code? a. Car insurance b. Sale of a car C. Sale of a house d. Employment contract 33. Barry said to Louis, "you paint my garage on Sunday, I give you my ten-speed bicyclo.' Louis painted the garage This is an example of an) contract a. unilateral bilateral C. implied voldobio b. Wat

Answer 1

25) Option B (Excuses a party from liability of his or her own negligence)

26) Option A ( Total agreement is void)

27) Option B ( will sometimes reform (modify) the agreement to make it read in reasonable manner

28) Option B (With right to rejection)

29) Option B (Be considered manifestation of assent)

30) Option A (Infant has no capacity to contract)

31) Option C (Written Proof)

32) Option B (Sale of a car)

33) Option A (Unilateral)